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DrStool

Jailbreak Coming M2M 12/30/09

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It may be a day a week a month or three months but no way we make it through 2010 spewing the recovery bullsheet we have been hearing....

 

Hyperinflation already happened.... dot.com bubble....pro sports salary bubble ( still in progress),,,,college education bubble...housing bubble....etc.........this is the unwind and the mad economic scientists are trying to push out the end game....I seriously think people have lost their minds...not here, but in general....WTF happened to the USA ?

 

We consume......................"gadgets" made in China.....thats our economy.

 

Here's the economy I know.

Electric utility that provides long term employment slashes budget because of pension underfunding and slowdown in sales and growth. The boomers are retiring, and those they'd like to see go are slashed to part-time employment as an incentive to leave. There was a layoff also. Of the top 5 in salary one of them could have been booted into retirement, but conveniently needs his last year of salary to pay off his new volvo. Cooperate fascism will provide some DOE money for new metering - so they can eliminate a meter reading contract. Meter reading grunt jobs will be gone in a few years.

 

The guy who works at a factory making rubber seals for GM cars says cash for clunkers helped, but it's slowing down again.

 

The mother with a baby and one on the way was laid off from her insurance office job.

 

The two building contractors have little work. One went to work for a short time putting up scaffolding in an electric power plant. The hourly rate was about 2-1/2 times his usual and basically was worth about 20 weeks of salary.

 

I could probably find lots more examples if I was nosy and asked around.

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Here's the economy I know.

Electric utility that provides long term employment slashes budget because of pension underfunding and slowdown in sales and growth. The boomers are retiring, and those they'd like to see go are slashed to part-time employment as an incentive to leave. There was a layoff also. Of the top 5 in salary one of them could have been booted into retirement, but conveniently needs his last year of salary to pay off his new volvo. Cooperate fascism will provide some DOE money for new metering - so they can eliminate a meter reading contract. Meter reading grunt jobs will be gone in a few years.

 

The guy who works at a factory making rubber seals for GM cars says cash for clunkers helped, but it's slowing down again.

 

The mother with a baby and one on the way was laid off from her insurance office job.

 

The two building contractors have little work. One went to work for a short time putting up scaffolding in an electric power plant. The hourly rate was about 2-1/2 times his usual and basically was worth about 20 weeks of salary.

 

I could probably find lots more examples if I was nosy and asked around.

 

and...the village I live in after the county jacked up real estate taxe a year ago 25 % to 50 % just passed "without a vote", a 10 % tax levy due to a 26 million dollar budget shortfall in 2010....we got a letter and a two weeks notice it was going down...

 

our township in it's 20 plus year history never had a tax.....we pay 10 %...the businesses eat the rest....apparently the pension fund blew up...

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I can't see anyone affording to fly anymore! UFB

 

3 Airline Tickets

 

$183 in Taxes

$120 in Excess Baggage fees (i.e. Checked bags >0)

Cancelled flight home - Priceless!

 

You forgot to mention that flying could get you killed.

 

2009 should be labelled the year that “everything went according to clockwork.”

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After turday's positive technical action in AAPL common,

 

I was forced to ream-evaluate my outlook.

 

Below is my latest revised anal ysis.....

post-2457-1262234387.png

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and...the village I live in after the county jacked up real estate taxe a year ago 25 % to 50 % just passed "without a vote", a 10 % tax levy due to a 26 million dollar budget shortfall in 2010....we got a letter and a two weeks notice it was going down...

 

our township in it's 20 plus year history never had a tax.....we pay 10 %...the businesses eat the rest....apparently the pension fund blew up...

what pension fund blew up?

 

the public employees pension fund?

 

private sector employees 401k's war flushed down the terlet ass well butt the public employees ain't forced ta bail them out

 

only vice-versa

 

guess it jus depends who pitchin' an who catchin'

post-2457-1262235198.png

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After turday's positive technical action in AAPL common,

 

I was forced to ream-evaluate my outlook.

 

Below is my latest revised anal ysis.....

 

It certainly needs a repeat of Jan. 2008

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I think that's why we are having this "pension portfolio recovery."

 

paid and funded by the pissed off tax payers,,,,a guy shot down every argument the board had to raise taxes at a town hall "airing out" "but what you say means sheet"...meeting a couple of weeks ago.....he was escorted out by the police because he ran over his allotted time...

 

funny...about six-seven years ago a client of mine since retired from the State Senate called me and asked how he should vote on a 40 year 9 % bond they were floating to fund their pension....this was after the tech bubble burst....I said "fine if your portfolio manager is a gunslinger otherwise no".......he voted "no" and it passed....

 

This guy is a good man who has since retired and is happily living in Florida.....I was actually honored he called me....an old school fiscal conservative...

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what pension fund blew up?

 

the public employees pension fund?

 

private sector employees 401k's war flushed down the terlet ass well butt the public employees ain't forced ta bail them out

 

only vice-versa

 

guess it jus depends who pitchin' an who catchin'

 

 

The unions...and villages...cops...fireman...etc...they threatened if we didn't pay the tax they would fire a bunch and we would have to become "afraid"...

 

I guess this is what Jickiss was talking about last night.....but...those who end up paying have less...someone gets hurt...

 

Our County taxes were jacked up to the moon by the schools....

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HEY! WAHT THE #$*(&)^!!!?!?!?!?!?!!!!!!!!!!!!!!!!!!!!!!!!!

I was going to send the link to this post to a friend, but then I kind of looked at this with the eyes of an outsider, and, well.....

 

between Doc's avatar, and Shorty's artwork......

 

 

ROFLMAO ! ! ! !

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The unions...and villages...cops...fireman...etc...they threatened if we didn't pay the tax they would fire a bunch and we would have to become "afraid"...

 

I guess this is what Jickiss was talking about last night.....but...those who end up paying have less...someone gets hurt...

 

Our County taxes were jacked up to the moon by the schools....

SHUT DOWN the obsolete worse-than-worthless (i.e., harmful) public screwel rob-thy-neighbor scam.

 

Allow our children to learn for free, on the internet, at their own pace, from the best of the best of the best of the best world-class teachers in every subject.

 

Fire all the inferior local leachers.

 

Sell off all the public screwel buses, buildings, and land.

 

Distribute the cash proceeds to the taxpayers.

 

Cancel all pension payments going forward.

 

Clawback all pension payments since 1969.

 

Fine each leacher $500,000 for incompetence.

 

Throw 'em all in ass-poundin' prison until they pay.

 

Three to a cell.

 

..........just my humble opinion and intended to be helpful suggestions, of course. :closedeyes:

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SHUT DOWN the obsolete worse-than-worthless (i.e., harmful) public screwel rob-thy-neighbor scam.

 

Allow our children to learn for free, on the internet, at their own pace, from the best of the best of the best of the best world-class teachers in every subject.

 

Fire all the inferior local leachers.

 

Sell off all the public screwel buses, buildings, and land.

 

Distribute the cash proceeds to the taxpayers.

 

Cancel all pension payments going forward.

 

Clawback all pension payments since 1969.

 

Fine each leacher $500,000 for incompetence.

 

Throw 'em all in ass-poundin' prison until they pay.

 

Three to a cell.

 

..........just my humble opinion and intended to be helpful suggestions, of course. :closedeyes:

 

 

:lol: now that would get the people to dust off the pitchforks and get the flames lit.....won't happen...

 

what will happen is businesses in our village will leave and say foulke you and relocate to place with cheaper taxes.....some businesses will go under...more foreclosures...town which is nice goes to sheet.....

 

no one has mentioned the impact the three year RE assessments just hitting now ( we got farked at the top )and jacked up escrow payments are gonna have on the making home less affordable "no loan modification for you" people....

 

At that meeting I went to...people were talking about 150 to 500 a month just for escrow increases...there is a housing sheet storm brewing worse than what we have seen...my whacky prediction is "strategic defaults" become as common as daily poops....what if everyone "just stopped payin ?"...

 

WTF are they gonna do ?

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